350
350
Jul 26, 2011
07/11
by
CSPAN2
tv
eye 350
favorite 0
quote 2
we can't get the big things going. the overarching issues and serving the discrimination issues are one of the things we deal with. if it's okay with you, i would like to take this opportunity to ask my colleague, leonard boswell, to take my seat. i would like to get out of town before the faa shuts down. [laughter] so thank you very, very much for the opportunity. [applause] >> not often you have the luxury of having a reserve congressman. [inaudible] >> congressman connolly haven't heard from you so if you'd like to her housemates be i know time is short. i just want to salute all of you for having this and the thought process. we are certainly in a crisis, and you all know that. and history is going to be written. what's it going to say? i was somewhat relieved, even as for mr. summers to leave town. i wonder what would have to do to get mr. geithner to leave. i'm glad to see them go back and do what he does well. he's a good professor. i would like to see the other gentleman go do what he does well. we are in a cri
we can't get the big things going. the overarching issues and serving the discrimination issues are one of the things we deal with. if it's okay with you, i would like to take this opportunity to ask my colleague, leonard boswell, to take my seat. i would like to get out of town before the faa shuts down. [laughter] so thank you very, very much for the opportunity. [applause] >> not often you have the luxury of having a reserve congressman. [inaudible] >> congressman connolly...
56
56
Jul 25, 2011
07/11
by
CSPAN2
tv
eye 56
favorite 0
quote 0
i am paying taxes big time on my life. the thing is, i am so upset with the ignorance, with the calls that come in. it is devastating to say the rich are helping the poor to get jobs is absolutely ludicrous. i am so upset because there is a goal to tear down the little guy. of course the goal is to destroy obama, which is unspeakable. the middle class and the poor are suffering. all because of money. money, money. that is what is so upsetting to me. guest: there is absolutely no question there is a growing gap between the haves and have-nots in the world and the u.s. as well. it is not just an issue of wealth. it is also an issue of education. important, the comprehensive tax reform that is outlined in the comeback america restoring fiscal sanity report under both from march would end up resulting with everybody and that making more than a stated percentage will pay something. those who end up having more and make more will pay more. we will have an even more progressive tax system. but the way we do it is through comprehe
i am paying taxes big time on my life. the thing is, i am so upset with the ignorance, with the calls that come in. it is devastating to say the rich are helping the poor to get jobs is absolutely ludicrous. i am so upset because there is a goal to tear down the little guy. of course the goal is to destroy obama, which is unspeakable. the middle class and the poor are suffering. all because of money. money, money. that is what is so upsetting to me. guest: there is absolutely no question there...
52
52
Jul 21, 2011
07/11
by
CSPAN2
tv
eye 52
favorite 0
quote 0
government has gotten too big it, has grown too fast. it is spinning out of control, i think, in the minds *f most americans, and they want to see us rein it in and get government spending and debt under control. i read yesterday on the floor, but i want to read it again. ironically a letter i got from a boy scout are in south dakota who was earning his merit badge. he wrote me a letter and he said -- quote -- "i feel the federal government needs a balanced budget. if we don't, the debt gets larger each year. i feel there are two solutions for this. in our house, we are careful to only spend what my mom and dad earn. that needs come first and what is left is for wants. many times we were told no when we asked for s-fplgt with my allowance and lawn mowing money i donate it between saving and spending. i can't spend more than i make. end quote. i think there are a couple of very powerful observations in that statement, mr. president. the first is obviously that it's not lost on even this young american how important it is that you live wit
government has gotten too big it, has grown too fast. it is spinning out of control, i think, in the minds *f most americans, and they want to see us rein it in and get government spending and debt under control. i read yesterday on the floor, but i want to read it again. ironically a letter i got from a boy scout are in south dakota who was earning his merit badge. he wrote me a letter and he said -- quote -- "i feel the federal government needs a balanced budget. if we don't, the debt...
75
75
Jul 27, 2011
07/11
by
CSPAN2
tv
eye 75
favorite 0
quote 0
minority contractors are going to have a big impact. then it takes us to the government will definitely slow down or not pay at all contractors, whether it's the big defense guys that employ thousands and thousands of people or is it not going to pay the small to medium-size business like in my own state that does information technology? now, we are about to destroy the reputation and solvency of the united states of america. we are about to destroy the reputation and solvency of the united states of america not only for one day, but for a decade and maybe the rest of the century. and this is not being done by an outside power. we're spending $700 billion on defense, and we're destroying ourselves by a self-inflicted wound because of political dysfunction, political rigidity and political ideology. what the heck is this? and i could even use more intense language. what we are about to do -- we cannot allow this to happen. so i say to my colleagues, look, one of my colleagues said to me yesterday, senator mikulski, what would it take to
minority contractors are going to have a big impact. then it takes us to the government will definitely slow down or not pay at all contractors, whether it's the big defense guys that employ thousands and thousands of people or is it not going to pay the small to medium-size business like in my own state that does information technology? now, we are about to destroy the reputation and solvency of the united states of america. we are about to destroy the reputation and solvency of the united...
71
71
Jul 12, 2011
07/11
by
CSPAN2
tv
eye 71
favorite 0
quote 0
you are married to those big solid rockets. and if there's a failure then, there is no way out for the crew. and as we saw, that was how challenger 25 years ago was destroyed. they had a malfunction in one of the rockets. it caused the whole thing to explode. i'm talking about one of the solid rockets within the first two minutes of flight. well, we're going to have a much safer way to get to and from the space station. the sad thing is, however, that the rocket for humans is not ready and it's going to take about another three years. and, therefore, it is sad that all of that finest launch team in the world at the kennedy space center, a good part of them are having to be laid off. and that will -- that employment will ramp up over the next several years as we build and launch those kind of rockets. now, there's another set of human rated rockets. i'm just talking about the manned space program now. i'm not talking about the unmanned. look what we're getting ready. this year we're going to jupit jupiter. later on, we are getti
you are married to those big solid rockets. and if there's a failure then, there is no way out for the crew. and as we saw, that was how challenger 25 years ago was destroyed. they had a malfunction in one of the rockets. it caused the whole thing to explode. i'm talking about one of the solid rockets within the first two minutes of flight. well, we're going to have a much safer way to get to and from the space station. the sad thing is, however, that the rocket for humans is not ready and it's...
65
65
Jul 27, 2011
07/11
by
CSPAN2
tv
eye 65
favorite 0
quote 0
and it's not small, it's big. and so there is $60 billion a year that -- i mean over ten years that we could save just by reforming the social security and disability system. and that doesn't say you don't want to help people that are disabled. it says you want to do what's the best thing for our country and help those people that are disabled. but we have undermined and we have taken advantage of those who need our love and care and they cheat the system and we have a bureaucracy that doesn't take them off the system, and we have an incompetent system of jurisprudence within the social security administration that puts people on that should never be on. but the attack comes that you don't care about people if you -- if, in fact, you want to fix this program. social security, everybody says don't touch social security. this congress and the congress before it has stolen stolen $2.5 trillion from the money you have put into social security. they have written a little bitty i.o.u. note there and said, well, when you
and it's not small, it's big. and so there is $60 billion a year that -- i mean over ten years that we could save just by reforming the social security and disability system. and that doesn't say you don't want to help people that are disabled. it says you want to do what's the best thing for our country and help those people that are disabled. but we have undermined and we have taken advantage of those who need our love and care and they cheat the system and we have a bureaucracy that doesn't...
81
81
Jul 28, 2011
07/11
by
CSPAN2
tv
eye 81
favorite 0
quote 0
but he was bold and he was willing to take big, big leaps. i guess back to his early days as a broad jumper he was willing to take big, big leaps. as a staff perpendicular, he was extraordinary to work for. i've told the story of opening day. a few of us were in on that news but it had to be very closely held because you'd have created a run on all those banks if word had leaked. so even many of his staff people had no idea this was going on until he announced it. so that was kind of a shocker, and made -- it made for an interesting time to be a staff person. now, on another occasion he had a couple of raccoons bothering his -- on his property and they were bothering some -- a den of baby foxes and he didn't want the baby foxes to be killed by the raccoons so he took out a shotgun, went down to the end of his property and shot the two raccoons and then climbed this the car with his state trooper and headed off to work and of course described this exciting episode of his morning and the trooper said to him, governor, don't you realize that it'
but he was bold and he was willing to take big, big leaps. i guess back to his early days as a broad jumper he was willing to take big, big leaps. as a staff perpendicular, he was extraordinary to work for. i've told the story of opening day. a few of us were in on that news but it had to be very closely held because you'd have created a run on all those banks if word had leaked. so even many of his staff people had no idea this was going on until he announced it. so that was kind of a shocker,...
93
93
Jul 25, 2011
07/11
by
CSPAN2
tv
eye 93
favorite 0
quote 0
industry which i didn't realize was having such a difficult time, but they're getting killed by the big warehouses that are selling to the folks who like to buy car parts. and, but this isn't just a main street versus internet because all these internet companies are on main street somewhere. and what happens when we get to the point where everybody's internet? aren't we all still just main street? and aren't we then in the same exact position as we are today where the internet, main street retailer in downtown sioux falls, south dakota, is competing with the internet mainstream retailer in utah without that price differential, and, you know, they're butting heads against each other trying to steal reach other's -- each other's local customers. in our view this is a retailing versus retailing, and at some point in this process we all have to compete with each other without the government giving one a competitive advantage over another. >> host: mr. peterson, you said earlier that you saw state sales tax going away. could you expand on that a little bit? >> guest: there is considerable c
industry which i didn't realize was having such a difficult time, but they're getting killed by the big warehouses that are selling to the folks who like to buy car parts. and, but this isn't just a main street versus internet because all these internet companies are on main street somewhere. and what happens when we get to the point where everybody's internet? aren't we all still just main street? and aren't we then in the same exact position as we are today where the internet, main street...
62
62
Jul 13, 2011
07/11
by
CSPAN2
tv
eye 62
favorite 0
quote 0
this notion that we didn't deal with too big to fail. there are a couple of areas where i see the colleagues in climate change and health care don't want to take it on because it's still too popular. coming to the defense of derivative trading is not a particular cause. they are coming at it sideways. one is to try to use the deficit as an excuse for under funding the scc and cftc. they are being denied the funds that it needs that is a small percentage for wasting infrastructure in afghanistan. the notion that the cftc that the 80 or $90 billion more that we need can't be done because of the deficit that people spent in $147 billion so we can keep subsidizing american farmers is nonsense. similarly with the fcc they want to turn in. they will bring in more money to the system than it will be given to run it. that's one effect. in fact, what you have running here is a catch 22. first, deny the fcc and cftc adequate funding. they in turn are not able to deal with the rulemaking requirements that they have. then because we haven't been abl
this notion that we didn't deal with too big to fail. there are a couple of areas where i see the colleagues in climate change and health care don't want to take it on because it's still too popular. coming to the defense of derivative trading is not a particular cause. they are coming at it sideways. one is to try to use the deficit as an excuse for under funding the scc and cftc. they are being denied the funds that it needs that is a small percentage for wasting infrastructure in...
90
90
Jul 5, 2011
07/11
by
CSPAN2
tv
eye 90
favorite 0
quote 0
i see this as a big problem for two reasons. one, the gses are currently securitizing, helping securitize over 90% of the mortgage risk, new mortgages that are originated. fair share from under 5% in early 19 -- has climbed out in stock, to over 50%. if we don't get private sector in this market anytime soon, most likely the united states government will gradually own the entire mortgage credit risk of the country. i think it's a scary thought in a time when the gse is basically not a balance sheet of deny states government. $175 billion has already been spent in the form of taxpayer losses. there's a sense in which it could be a much bigger role than what it stands right now. so i think there are quite important resolution issues, she some short-term from how will we deal with money market fund runs, maybe that's an immediate risk. how will we deal with ccp under capitalization, maybe that's a five year risk potentially in expected turns, five or 10 years. and then there's this huge 10 year unwinding program we need to put in p
i see this as a big problem for two reasons. one, the gses are currently securitizing, helping securitize over 90% of the mortgage risk, new mortgages that are originated. fair share from under 5% in early 19 -- has climbed out in stock, to over 50%. if we don't get private sector in this market anytime soon, most likely the united states government will gradually own the entire mortgage credit risk of the country. i think it's a scary thought in a time when the gse is basically not a balance...
56
56
Jul 19, 2011
07/11
by
CSPAN2
tv
eye 56
favorite 0
quote 0
the president talked about big things but i think the american public expects more than a big speech. the congressional budget office says they cannot score a speech there is no plan by the president. we are two weeks out. there is no budget by the senate. the american public expects us to get back to work. expects us to get a job done. today you'll see a bill on the floor that is straightforward. no more budget tricks, no more accounting gimmicks, no more lies to the american people. with me curb it and cut it and balance it for the future. the democrats sit back and say somehow they're opposed to a balanced budget. 16 years ago if they had that one more vote we wouldn't be here today. i want you to all imagine for one moment -- imagined that vote passed, what would our press conference be about today? would westbound investing in something. would westbound worried about unemployment? would westbound wondering about how big america is growing? well, now is the opportunity. we welcome democrats to join dawes but if they don't we'll pass it on our own. that is the contrast. that is the
the president talked about big things but i think the american public expects more than a big speech. the congressional budget office says they cannot score a speech there is no plan by the president. we are two weeks out. there is no budget by the senate. the american public expects us to get back to work. expects us to get a job done. today you'll see a bill on the floor that is straightforward. no more budget tricks, no more accounting gimmicks, no more lies to the american people. with me...
88
88
Jul 20, 2011
07/11
by
CSPAN2
tv
eye 88
favorite 0
quote 0
i hope our big vote here in the? senate and get this country bace on a more sound fiscal footinger and on a path where we canesid onate jobs and get the economy growing. budget a mr. president, i yield thece on floor. august 2. >> mr. president, we're going to move to a debate on the budget deficit. the the proposal before it was propa enacted by the house yesterday in a virtually partisan rollcall with maybe one or two i exceptions. the republicans passed a proposal which they haveloor of characterized as typed, cabin to balance. and they will bring it to the target floor of the senate forhe consideration.ba budge the price project spending is ig targets in cuts in spending forh the years to come and also to include in the conversation the balanced budget amendment. now, it is interesting the way they approach it because the i balanced budget amendment is literally an amendment to the constitution of the united the states than those of us who take birth seriously a nice enough every member of congress in ther senate
i hope our big vote here in the? senate and get this country bace on a more sound fiscal footinger and on a path where we canesid onate jobs and get the economy growing. budget a mr. president, i yield thece on floor. august 2. >> mr. president, we're going to move to a debate on the budget deficit. the the proposal before it was propa enacted by the house yesterday in a virtually partisan rollcall with maybe one or two i exceptions. the republicans passed a proposal which they haveloor...
61
61
Jul 22, 2011
07/11
by
CSPAN2
tv
eye 61
favorite 0
quote 0
president, how big is this scheme? well, here's what our own permanent subcommittee on investigations has told us: "experts have estimated that the total loss to the treasury from offshore tax evasion alone approaches $100 billion per year, including $40 billion to $70 billion from individuals and another $30 billion from corporations engaging in offshore tax evasion. abusive tax shelters add tens of billions of dollars more." mr. president, you want to lock in these abuses? you prefer to pay more in taxes yourself so that people can engage in these scams? vote for this amendment. vote for the legislation that's before us. vote for what is on the floor because you'll protect them forever more. mr. president, i end as i began. this is perhaps the most ill-conceived, ill-considered, internally inconsistent legislation that i have ever seen in my 25 years in the united states senate. i hope my colleagues have the wisdom to vote "no." i thank the chair and yield the floor. the presiding officer: the senator indiana. mr. co
president, how big is this scheme? well, here's what our own permanent subcommittee on investigations has told us: "experts have estimated that the total loss to the treasury from offshore tax evasion alone approaches $100 billion per year, including $40 billion to $70 billion from individuals and another $30 billion from corporations engaging in offshore tax evasion. abusive tax shelters add tens of billions of dollars more." mr. president, you want to lock in these abuses? you...
82
82
Jul 1, 2011
07/11
by
CSPAN2
tv
eye 82
favorite 0
quote 0
the other big open question is, whether the dodd-frank act really does end too big to fail. if it does, then that addresses a lot of concerns about moral hazard because that is indeed the major source, not the only source, of moral hazard in the system. one interpretation is that the orderly liquidation spelled out in the act can be instead of at resolving failed institutions and this eliminates a major distortion in the financial system, if true. the recent back-testing by the fdic to address how well the system would have worked for lehman is encouraging in this respect. i too had questions -- there were aspects of it that i didn't understand. and i came away feeling it may be -- a little overoptimistic but once again, the big flaw is that it relies too much on discretion and discretion leads to regulatory capture and time-inconsistent policies. one need look no further than the fdic itself to see that this is a real problem. the fdic is one of the most successful regulatory institutions to come out of the 1930s. but it was volatile to capture by financial institutions and
the other big open question is, whether the dodd-frank act really does end too big to fail. if it does, then that addresses a lot of concerns about moral hazard because that is indeed the major source, not the only source, of moral hazard in the system. one interpretation is that the orderly liquidation spelled out in the act can be instead of at resolving failed institutions and this eliminates a major distortion in the financial system, if true. the recent back-testing by the fdic to address...
62
62
Jul 6, 2011
07/11
by
CSPAN2
tv
eye 62
favorite 0
quote 0
it's a big sum of money. so we spend it in our expenditure levels, defense department, all the way through the agriculture department, everything in between, and we forgive or don't collect the same amount in the tax code. so who benefits from that? well, let's look at the basics. 70% of american taxpayers do not itemize on their tax returns. they file the standard return. they don't itemize. so the tax code doesn't mean anything to them. if there is a special deduction, unless it was a refundable tax credit -- rare category -- it doesn't help them. 70% of americans don't touch it. what are the biggest deductions under the u.s. tax code today? i in all my wisdom and education and experience on capitol hill, i raised my hand to the teacher and said well, it's the mortgage interest deduction, right? wrong. the biggest single deduction is the employers exclusion for health care premiums. so employers are able to exclude from income the amount of money they spend for health insurance for their employees. that's t
it's a big sum of money. so we spend it in our expenditure levels, defense department, all the way through the agriculture department, everything in between, and we forgive or don't collect the same amount in the tax code. so who benefits from that? well, let's look at the basics. 70% of american taxpayers do not itemize on their tax returns. they file the standard return. they don't itemize. so the tax code doesn't mean anything to them. if there is a special deduction, unless it was a...
71
71
Jul 11, 2011
07/11
by
CSPAN2
tv
eye 71
favorite 0
quote 0
i think some might call it a big deal. you know, in the u.s. senate, this is a big deal. we're in the big place. this is where big deals happen. this is where it all happens to happen. because we drive the economy in the sense of our certainty and our policies. if we can't have a strong deficit-reduction budget, we're not going to create the certainty that the business community needs to invest, which will in turn employ more people and create a better dmi forous here and obviously will have an impact around the world. mr. president, i just want to say thank you for this opportunity to say a goo -- to say a few words, again commending the chairman for all his hard work. i will on this comments. the stroir i told you about the branders and the headline i had to have, that was in my first six months of office when i was mayor. two and a half years later i won reelection with within of the largest margins in the city's history. so i would say this to anybody who's trying figure out are they going to win their primary, win their general election, put that all aside. that's wh
i think some might call it a big deal. you know, in the u.s. senate, this is a big deal. we're in the big place. this is where big deals happen. this is where it all happens to happen. because we drive the economy in the sense of our certainty and our policies. if we can't have a strong deficit-reduction budget, we're not going to create the certainty that the business community needs to invest, which will in turn employ more people and create a better dmi forous here and obviously will have an...
63
63
Jul 18, 2011
07/11
by
CSPAN2
tv
eye 63
favorite 0
quote 0
that's not to say that we don't cover a big portion of it right now. of the 1,000 new border patrol agents that are coming into service this year, the vast majority of them are going into arizona. but it's also critical to note that there are other activities occurring. our partnerships with mexico, for example, working joint operations with our mexican partners with them operating in mexico and us over on the u.s. side. over 60 of the states' law enforcement agencies are our partners with us in actt, which is an operation that incorporates other law enforcement agencies to ensure we bring the greatest density of enforcement coverage in arizona. the national guard -- right now we have 363 national guard troops on the ground. we have more sensors coming, so it's a constant buildup of what we are doing in arizona. as i said earlier, when we bring arizona under control, not if, we will do so as quickly as we can. now, something that i think is critical here is the following. this year, because of the drop in activity levels that we have seen, we figure th
that's not to say that we don't cover a big portion of it right now. of the 1,000 new border patrol agents that are coming into service this year, the vast majority of them are going into arizona. but it's also critical to note that there are other activities occurring. our partnerships with mexico, for example, working joint operations with our mexican partners with them operating in mexico and us over on the u.s. side. over 60 of the states' law enforcement agencies are our partners with us...
59
59
Jul 6, 2011
07/11
by
CSPAN2
tv
eye 59
favorite 0
quote 0
the third tax that the democrats talk about raise segregate old favorite, big oil. this is so targeted, it only hits five companies out of the whole world. five american companies. so never mind we're punishing american businesses, american oil companies, who are the same businesses other companies all over the world. they're not being punished. but, no, we're going to attack american businesses who employ 9.2 million americans. we're going to say that they have to pay higher taxes than other businesses who are just like them. there are three particular tax provisions -- other businesses goat take in r&d tax credit. arnth we all for research and development in yes, but not in the oil and gas industry. where might they put that research and development money? welling for example, into ensuring when they sink a well-well deep in the gulf of mexico, it will be environmentally safe. no, you can't deduct that. all other businesses will be able to, but not you. what sense does that make? it's bad policy. how about the usual and necessary business expense, the deduction fo
the third tax that the democrats talk about raise segregate old favorite, big oil. this is so targeted, it only hits five companies out of the whole world. five american companies. so never mind we're punishing american businesses, american oil companies, who are the same businesses other companies all over the world. they're not being punished. but, no, we're going to attack american businesses who employ 9.2 million americans. we're going to say that they have to pay higher taxes than other...
41
41
Jul 19, 2011
07/11
by
CSPAN2
tv
eye 41
favorite 0
quote 0
within three years we had repealed that big luxury tax. we weren't hitting millionaires and billionaires. we were hitting the people who actually made the yachts. priet after 9/11, congress pass -- right after 9/11, congress passed an accelerated depreciation provision for the commercial aviation -- or the general aviation industry. the idea there was to make sure that 9/11 didn't hit that industry too hard and jobs would be saved. in the president's stimulus bill, that accelerated depreciation provision for commercial jets -- or business jets, rather, was reauthorized. that's the thing we're talking about here when we talk about business jets. the president has said business jets shouldn't receive that kind of tax treatment. well, the people who he said would be benefited by the stimulus package with jobs created or jobs saved are the people who will lose their jobs if that particular tax treatment is taken away. now, maybe we should look at that. i'm not against looking at that tax treatment. if we should look at it and decide it's not a
within three years we had repealed that big luxury tax. we weren't hitting millionaires and billionaires. we were hitting the people who actually made the yachts. priet after 9/11, congress pass -- right after 9/11, congress passed an accelerated depreciation provision for the commercial aviation -- or the general aviation industry. the idea there was to make sure that 9/11 didn't hit that industry too hard and jobs would be saved. in the president's stimulus bill, that accelerated depreciation...
72
72
Jul 20, 2011
07/11
by
CSPAN2
tv
eye 72
favorite 0
quote 0
that took care of the big problem they had with new york, big, massive new york with a lot of area and lots of people; little, tiny rhode island, not much area and not many people. the reason i say we return to our roots is we're not going to be able to do the fundamental principle that guides this country in the last 11 or 12 days *f legislative session. and that is we cannot default on our debt. we in the senate, we can have the greatest ideas in the world, but if they're not accepted in the house, we can't extend the debt ceiling, which we have to do. so now we await the house of representatives with our bicameral form of ledges slay taourbgs that's what we -- with our bicameral form of legislature, that's what we must do. they know we know time is of the essence. we know all the partisanship shown in the house of representatives, including thaeurl spending so much time on -- including their spending so much time on this plan they call cap, cut and balance, which others call cap, cut and destroy medicare and all the other names this program has been given. we have to get now where w
that took care of the big problem they had with new york, big, massive new york with a lot of area and lots of people; little, tiny rhode island, not much area and not many people. the reason i say we return to our roots is we're not going to be able to do the fundamental principle that guides this country in the last 11 or 12 days *f legislative session. and that is we cannot default on our debt. we in the senate, we can have the greatest ideas in the world, but if they're not accepted in the...
55
55
Jul 12, 2011
07/11
by
CSPAN2
tv
eye 55
favorite 0
quote 0
that would be a big mistake. that's why republicans are united in saying increasing taxes at any time, particularly in a weak economy, is the wrong prescription. getting our debt and deficit and spending under control, a balanced budget amendment, that's the solution. it can actually be enacted very quickly. we don't have to face a crisis that president obama and treasury secretary are trying to whip up here. mr. sessions: madam president, i would just say that i do believe we are at a national crisis with our debt. i believe that it endangers the nation because the erskine bowles who chaired the debt commission, appointed by president obama, has told us that we are facing an economic crisis as a result of the debt and written testimony to the budget committee, and he warned that we have to change the course we're on. i certainly believe that's true and i believe the rogoff and reinhart study affirmed by secretary geithner is correct, that it's already pulling down our growth. i'm really worried about the future
that would be a big mistake. that's why republicans are united in saying increasing taxes at any time, particularly in a weak economy, is the wrong prescription. getting our debt and deficit and spending under control, a balanced budget amendment, that's the solution. it can actually be enacted very quickly. we don't have to face a crisis that president obama and treasury secretary are trying to whip up here. mr. sessions: madam president, i would just say that i do believe we are at a national...
67
67
Jul 14, 2011
07/11
by
CSPAN2
tv
eye 67
favorite 0
quote 0
i believe our constitutional responsibility is not being fulfilled if we end up with some big-deal big on august 1, and we're told it's got to be passed by august 2, and you can find out what's in it after we pass it. i'm not there. count me out. senator toomey, we had more people wanting to get on the budget committee this year. they were so excited. it was the most wanted committee to be on in the entire senate, and we've not done anything. you were selected to be on the committee, which is a tribute to your experience. i guess i would ask you, how do you feel about where we are? mr. toomey: senator sessions, first of all, thank you for raising this issue because i do think this is a very, very important issue. many of us wanted to be on the budget committee because we see what a critical moment our country is in. we see the very dire straits that we have put ourselves in because of the fiscal irresponsibility of washington. and some of us believe that we don't have a lot of time to get this in order. and so i was looking forward to the opportunity to serve on the committee that woul
i believe our constitutional responsibility is not being fulfilled if we end up with some big-deal big on august 1, and we're told it's got to be passed by august 2, and you can find out what's in it after we pass it. i'm not there. count me out. senator toomey, we had more people wanting to get on the budget committee this year. they were so excited. it was the most wanted committee to be on in the entire senate, and we've not done anything. you were selected to be on the committee, which is a...
62
62
Jul 26, 2011
07/11
by
CSPAN2
tv
eye 62
favorite 0
quote 0
so it came as a pretty big shock that you, mr. president -- i'm still on my second shot on the free shot. he is now asking me to quit talking, start shooting. but i would say it comes as a pretty big shock to those workers that yourself and the democratic members in both chambers would direct an attack on this industry. and this is true that i don't know how many members of the senate, not too many. my word, i don't know how many members of the house, i have heard that corporate jet, corporate jet. it has a ring to it i guess. but at any rate, why would you repeal a tax provision that has contributeed to job creation at a time of severe economic downturn, in fact, the one that you actually suggested? but there's more, there's more, mr. president, your ball. on top of this budget negotiators are considering implementing user fees on general aviation as a way to generate revenue. we have been down that road. let me be very clear. if user fees on general aviation are implemented, we could very well see the beginning of the end for th
so it came as a pretty big shock that you, mr. president -- i'm still on my second shot on the free shot. he is now asking me to quit talking, start shooting. but i would say it comes as a pretty big shock to those workers that yourself and the democratic members in both chambers would direct an attack on this industry. and this is true that i don't know how many members of the senate, not too many. my word, i don't know how many members of the house, i have heard that corporate jet, corporate...
117
117
Jul 8, 2011
07/11
by
CSPAN2
tv
eye 117
favorite 0
quote 1
so that was a big, that was a big loss. my own personal loss, i was very involved in space transportation policy making at the time, and we were passionate about the x33 program, single stage to orbit. and i learned a very important lesson which is policy never trumps physics. [laughter] so you can say whatever you want, but if you can't do it, it won't happen. and we wanted to will single stage to orbit, into existence. and we had a beautiful, lockheed came up with a beautiful concept, and it looked like the future. and we just didn't have the technology. we did not have the technology. and, ultimately, we did not have the will either. i think that i wouldn't say that national security space was a loss under our, under the administration. i think a lot of great programs were developed that we can't, i can't really take credit for any of that is what i'm saying. there were a lot of good people working, and we weren't really deeply involved in that. so i think with that i'll wrap it up. but, again, i think this is a fascinat
so that was a big, that was a big loss. my own personal loss, i was very involved in space transportation policy making at the time, and we were passionate about the x33 program, single stage to orbit. and i learned a very important lesson which is policy never trumps physics. [laughter] so you can say whatever you want, but if you can't do it, it won't happen. and we wanted to will single stage to orbit, into existence. and we had a beautiful, lockheed came up with a beautiful concept, and it...
100
100
Jul 18, 2011
07/11
by
CSPAN2
tv
eye 100
favorite 0
quote 0
until then, a big tank is for studio audience in a big tank is to former massachusetts governor, mitt romney. [applause] fcc commissioner robert mcdowell on the fcc's actions this week to begin cracking down on unauthorized service charges on consumers phone bills. that and other issues in front of the sec on "the communicators" on c-span2. >> have you ever visited the library of congress? over 2 million people have a now this is your chance to tour the world's largest library. tonight joined c-span for a look inside the library of congress. we will take you into the great hall and explore the main reading rooms. you will find unique books and the rare books and special collections including original books from thomas jefferson's personal collection and we'll see how the libraries using modern technology to discover hidden secrets and to preserve its holdings for future generations. join us for the library of congress tonight at 8:00 p.m. eastern and pacific on c-span. >> the senate has completed its business for the day and will gavel and tomorrow at 10:00 a.m.. earlier on the floor
until then, a big tank is for studio audience in a big tank is to former massachusetts governor, mitt romney. [applause] fcc commissioner robert mcdowell on the fcc's actions this week to begin cracking down on unauthorized service charges on consumers phone bills. that and other issues in front of the sec on "the communicators" on c-span2. >> have you ever visited the library of congress? over 2 million people have a now this is your chance to tour the world's largest library....
56
56
Jul 5, 2011
07/11
by
CSPAN2
tv
eye 56
favorite 0
quote 0
so let's start soda with the big picture. here we are several years out of the financial crisis and you talk about some of the liquid fx. mr. bernanke talked about the risk this week, some of the problems that particularly persistent, seem to be continuing and may raise the risk that the slow down that we seem to be experiencing at the moment process. what anxiety level do you think is appropriate for the public and our policymakers right now as we look out to the risk that we see that seem to be percolating over the horizon on any number of different fronts? >> well, i think these are risks but they are subject to our control and influence. if we take some action and make some decisions. i think with the housing market we still have a low level from. these loans need to be restructured whether it makes economic sense for the distressed borrower can make an economically viable payment or if not, there needs to be relocation assistance or some other mechanism to clear the market. .. the industry, this is another promise aligne
so let's start soda with the big picture. here we are several years out of the financial crisis and you talk about some of the liquid fx. mr. bernanke talked about the risk this week, some of the problems that particularly persistent, seem to be continuing and may raise the risk that the slow down that we seem to be experiencing at the moment process. what anxiety level do you think is appropriate for the public and our policymakers right now as we look out to the risk that we see that seem to...
88
88
Jul 21, 2011
07/11
by
CSPAN2
tv
eye 88
favorite 0
quote 0
those are the big ones. that was the sum and stance of s the sum and stains of what they came up for. what are entitlement programs? things that we're entitled to by virginia tie of our age, if we are 65 years of age, we paid into social security, medicare, we may be eligible -- will be eligible in all likelihood for medicare f we're disabled, totally disabled to work, we'll be eligible for medicare, even before age 65. if we paid into social security for a number of years, we'll be eligible foyer early retirement for sact age 62. we can take it at 67 for full retirement benefits, which i think are roughly about $2,000 per month max, something like that. but anyway, those are some things -- medicare, medicaid, social security are entitlement programs. they said they should all be on the table. they did not propose using social security to balance the budget but what they did say is say we've got a long-term problem in social security with the imbalance between now the amount of money that is coming into soci
those are the big ones. that was the sum and stance of s the sum and stains of what they came up for. what are entitlement programs? things that we're entitled to by virginia tie of our age, if we are 65 years of age, we paid into social security, medicare, we may be eligible -- will be eligible in all likelihood for medicare f we're disabled, totally disabled to work, we'll be eligible for medicare, even before age 65. if we paid into social security for a number of years, we'll be eligible...
128
128
Jul 11, 2011
07/11
by
CSPAN2
tv
eye 128
favorite 0
quote 0
how big is it? and are weapon withs coming through sudan, eritrea, and are any of those weapons coming from china? with regards to the pirates, dr. murphy points out in his testimony and others have pointed out in their testimony as well that there are, you know, there needs to be a land solution. and i think that's obvious, but if you briefly could touch on that. chairman royce? we'll do all the questions so that -- >> yeah. and i'll be very brief as well. deputy assistant secretary yamamoto, if i could ask you this question: when the last administration left office, there was an internal debate over whether eritrea should be designated a state sponsor of terrorism for its support for al-shabab. um, it didn't happen at the time, but just after she left government service, former assistant secretary frazier wrote a good piece in "the wall street journal", and the theme was eritrea should be listed as a state sponsor of terrorism. and i think, you know, we've got u.n. report after u.n. report citing
how big is it? and are weapon withs coming through sudan, eritrea, and are any of those weapons coming from china? with regards to the pirates, dr. murphy points out in his testimony and others have pointed out in their testimony as well that there are, you know, there needs to be a land solution. and i think that's obvious, but if you briefly could touch on that. chairman royce? we'll do all the questions so that -- >> yeah. and i'll be very brief as well. deputy assistant secretary...
54
54
Jul 26, 2011
07/11
by
CSPAN2
tv
eye 54
favorite 0
quote 0
that is a big step in the right direction and we have put caps in place. i don't have the number of my fingertips. all we know is it is going to be less than it was last year. >> some members said last night more spending than -- is that correct? >> i'd much rather have the house republican budget, but remember, this bill was a product of a bipartisan discussion and a bipartisan negotiation. that's why it's not exactly everything that we want it to be. >> [inaudible] >> listen, this was negotiated in a bipartisan process between both houses and i think we are going to have work to do to get it passed, but i think we can do it. >> [inaudible] even if the plan doesn't reach [inaudible] >> i do believe this plan is enough. remember in the second stage in the tried select committee history of it required to find the cuts of at least $1.8 trillion. they can do far more, but i do think that it's time for the congress to do its work and the first step in this process is to make sure we pass this in the house and i would ask all of my colleagues but democrats and
that is a big step in the right direction and we have put caps in place. i don't have the number of my fingertips. all we know is it is going to be less than it was last year. >> some members said last night more spending than -- is that correct? >> i'd much rather have the house republican budget, but remember, this bill was a product of a bipartisan discussion and a bipartisan negotiation. that's why it's not exactly everything that we want it to be. >> [inaudible] >>...
50
50
Jul 14, 2011
07/11
by
CSPAN2
tv
eye 50
favorite 0
quote 0
that's a big, big step forward. [applause] [applause] >> same thing happens with the lgbt community. we know that a lot of the health needs are not being met. we're not even collecting accurate health data for needs that folks have in the lgbt community. we have done a lot at the frontline of one the agencies dealing with this issue. we started with a lot of administrative changes. so changing the laws for hospital visitation, it's no longer okay for hospitals to pick and choose who gets to come into a persons room at the end of their live or when they are in a health emergency. the patient get to designate who their family is and who their loved ones are. if you want to get paid by medicare, that rule is changed. very big deal. [applause] >> we've changed and listed the hiv/aids travel ban. it used to be up until six months ago, if you were confirmed with hiv/aids, you could not travel into the united states. you didn't get legal visa in order to travel. that's now gone. so we know have lifted the travel ban, lifte
that's a big, big step forward. [applause] [applause] >> same thing happens with the lgbt community. we know that a lot of the health needs are not being met. we're not even collecting accurate health data for needs that folks have in the lgbt community. we have done a lot at the frontline of one the agencies dealing with this issue. we started with a lot of administrative changes. so changing the laws for hospital visitation, it's no longer okay for hospitals to pick and choose who gets...
62
62
Jul 29, 2011
07/11
by
CSPAN2
tv
eye 62
favorite 0
quote 0
it's a big step in the right direction for our country. thank you, mr. president. and i note the absence of a quorum. the presiding officer: the clerk will call the roll. quorum call: recognizes the gentlewoman from iowa. mr. grassley: i ask unanimous consent that the call of the quorum be suspended. the presiding officer: without objection, so ordered. mr. grassley: mr. president, i would ask to speak for 20 thnutes.
it's a big step in the right direction for our country. thank you, mr. president. and i note the absence of a quorum. the presiding officer: the clerk will call the roll. quorum call: recognizes the gentlewoman from iowa. mr. grassley: i ask unanimous consent that the call of the quorum be suspended. the presiding officer: without objection, so ordered. mr. grassley: mr. president, i would ask to speak for 20 thnutes.
55
55
Jul 20, 2011
07/11
by
CSPAN2
tv
eye 55
favorite 0
quote 0
there is a big difference in science. something can be associated with something. doesn't mean it causes it. and on the base basis of that the secretary committed this country to make payments to people for disabilities that are not associated with their service. so the point is, in a limited budget going forward, if we're paying for disabilities that aren't associated with service, that means we're going to have less money available to those veterans who do have a disability for their service. and we've heard, number one, that this will reverse all that have been made forward. it will not. it's prospective only. it will not change the presumption that if you were in or above vietnam, you have the presumption of being exposed to agent orange. that won't be changed at all. the previous scientific diseases that are based on causation won't be eliminated at all. but, in fact, those that aren't associated with cassality will be eliminated. now, will they be eliminated in the future? if the science at some point in time shows us that there is a causal relationship betwe
there is a big difference in science. something can be associated with something. doesn't mean it causes it. and on the base basis of that the secretary committed this country to make payments to people for disabilities that are not associated with their service. so the point is, in a limited budget going forward, if we're paying for disabilities that aren't associated with service, that means we're going to have less money available to those veterans who do have a disability for their service....